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316 Ash Lane Haslet, TX 76052

4 Beds 3 Baths 3,185 sqft Built 2001

$564,900

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $177.36
  • 2 Days on Market
  • MLS # : 14476159
  • Updated Date : 12/04/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,185 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Listing Squirrel

Listing Agent's Description

Beautiful home that sits on spacious .75 acre lot with a backyard oasis and 3 car garage in a secluded, small neighborhood. This home has a split bdrm arrangement with Master and Study on one side. Light and bright family room with corner fireplace opening up to kitchen-breakfast area with Island and walk-in pantry. The pool is easily accessible from both the living room and the master bedroom. The Gazebo sits comfortably away from the pool and patio areas. The neighborhood is quiet and reserved and the families have gatherings for the neighborhood. The streets are calm and safe to walk with your children and pets day or night.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Ashmore Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k427k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ashmore Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263156

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Haslet Elementary School Primary Regular 406 28 9
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Haslet Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 28
9
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$508,410$621,390$564,900

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,084
Property Tax -$1,351
Property Insurance -$211
HOA -$18
Property Management Fees -$99
CASH FLOW
-$884

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$564,900

PROJECTED PRICE

$2,880

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,449

INVESTMENT

$155,449

Down Payment
$141,225
Rehab Estimate
$5,750
Closing Costs
$8,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,225
Loan Amount $423,675
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$7

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,880

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,935
1$1,9352$2,5003$2,880
$2,880
RENT COMPS ANALYSIS
  • 316 Ash Lane Haslet, TX 3
    • 4 beds 3 baths ∙ 3,185 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,185 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.90
    •  
  • 10805 Middleglen Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.67
    •  
  • 1152 Crest Breeze Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
PROPERTY LISTING DETAILS
Colleen Cline
The Listing Squirrel
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476159
Last Updated: 12/04/2020
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